64,003 Shares of Midera Food Processing $MFP Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Midera Food Processing (NASDAQ:MFP) during the third quarter, Holdings Channel reports. The fund bought 64,003 shares of the company’s stock, valued at approximately $2,613,000.

Other hedge funds have also modified their holdings of the company. Sterling Capital Management LLC purchased a new stake in shares of Midera Food Processing in the third quarter valued at $53,000. State of Alaska Department of Revenue purchased a new position in shares of Midera Food Processing during the third quarter valued at $285,000. Yousif Capital Management LLC purchased a new position in shares of Midera Food Processing during the third quarter valued at $463,000. Kirr Marbach & Co. LLC IN purchased a new position in shares of Midera Food Processing during the third quarter valued at $10,743,000. Finally, Cooke & Bieler LP acquired a new position in Midera Food Processing during the third quarter valued at $19,643,000.

Insider Transactions at Midera Food Processing

In related news, Director Robert Nerbonne bought 10,900 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were acquired at an average price of $45.05 per share, with a total value of $491,045.00. Following the completion of the transaction, the director owned 32,371 shares of the company’s stock, valued at $1,458,313.55. The trade was a 50.77% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Wall Street Analyst Weigh In

A number of brokerages have commented on MFP. KeyCorp assumed coverage on Midera Food Processing in a research report on Tuesday, August 25th. They set a “sector weight” rating for the company. Robert W. Baird assumed coverage on Midera Food Processing in a report on Wednesday, July 8th. They issued a “neutral” rating and a $40.00 target price on the stock. Oppenheimer initiated coverage on Midera Food Processing in a report on Wednesday, July 15th. They issued an “outperform” rating and a $50.00 target price on the stock. Zacks Research raised shares of Midera Food Processing to a “hold” rating in a research report on Thursday, July 16th. Finally, William Blair assumed coverage on shares of Midera Food Processing in a report on Tuesday, October 20th. They set an “outperform” rating for the company. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $45.00.

Midera Food Processing Price Performance

Shares of MFP stock opened at $41.11 on Tuesday. The firm has a 50 day moving average of $42.86. The company has a current ratio of 1.84, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. Midera Food Processing has a twelve month low of $33.00 and a twelve month high of $52.58.

About Midera Food Processing

Midera Food Processing Inc provides food processing solutions. The Company specializes in the processing of raw material preparation and production and product packaging for retail and food service applications. Midera Food Processing Inc, formerly known as MINERA FOOD PRC, is based in Rosemont, Illinois.